Tronox (NYSE:TROX) Price Target Raised to $4.50

Tronox (NYSE:TROX) had its price target increased by Mizuho from $4.00 to $4.50 in a research note released on Thursday,Benzinga reports. They currently have an underperform rating on the stock.

Several other analysts also recently commented on TROX. Truist Financial increased their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. UBS Group lifted their price objective on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, The Goldman Sachs Group upped their target price on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.35.

Tronox Stock Down 10.3%

NYSE:TROX opened at $6.53 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The firm has a market cap of $1.04 billion, a P/E ratio of -2.20 and a beta of 1.11. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The firm has a 50-day simple moving average of $6.41 and a two-hundred day simple moving average of $4.84.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. Analysts predict that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is -6.73%.

Institutional Trading of Tronox

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in Tronox in the first quarter worth about $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tronox by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after purchasing an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Tronox by 12.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after purchasing an additional 41,092 shares during the period. Jane Street Group LLC boosted its holdings in shares of Tronox by 93.2% in the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after buying an additional 57,237 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Tronox during the second quarter valued at approximately $395,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.